This morning in metals news, Australian miner Fortescue reported financial results for the first half of fiscal year 2020, Chinese iron ore futures rise and the LME primary three-month aluminum price slides. Improve metal purchase timing and mitigate price risk — trial MetalMiner’s monthly metal buying outlook
Category: Metal Prices
Week in Review: Geely-Volvo merger; China’s steel sector; iron ore prices
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner, including coverage of: India’s auto sector; a merger of Geely and Volvo; China’s steel industry amid the coronavirus outbreak; the E.U.’s anti-dumping probe of aluminum extrusions from China; and iron […]
China’s growing domination of base metals continues
A recent Reuters article suggests China’s domination of the base metals market was marching on relentlessly prior to the coronavirus outbreak. MetalMiner’s monthly buying outlook reports give you pricing and specific buying strategies for 10 metal types. Request your trial now. The headline, “China’s copper imports and aluminium consumption to drop again in 2020,” suggested […]
Despite recent surge, U.S. steel rebar imports from Turkey plummet in 2019
Steel rebar is a crucial material for its use in construction, which is often cited in surveys of general economic health and activity. Metal prices fluctuate. Key is knowing when and how much to buy with MetalMiner Outlook. Request a free trial. For instance, U.S. construction spending in December reached a seasonally adjusted annual rate […]
GFG Alliance ventures into the Indian steel market with pair of acquisitions
There were two major developments in the Indian steel sector this week. Request a 30-minute demo of the MetalMiner Insights platform now. Indian-born British businessman Sanjeev Gupta’s GFG Alliance made its first foray into the Indian market. It completed the strategic acquisition of two mills, Adhunik Metaliks Ltd and Zion Steel, in an approximately U.S. […]
This Morning in Metals: Indiana No. 1 once again last year in steel production
This morning in metals news, Indiana again led the way in U.S. steel production last year, Tesla is in talks to use cobalt-free batteries in its cars made in China and the Energy Information Administration (EIA) projects U.S. natural gas production will continue to rise over the next 30 years. Metal prices fluctuate. Key is […]
Iron ore pushes higher despite sluggish steel demand, coronavirus measures
On the face of it, there appears to be a disconnect between the state of China’s steel market and the price of seaborne iron ore. Metal prices fluctuate. Key is knowing when and how much to buy with MetalMiner Outlook. Request a free trial.
Finally, the E.U. is looking at anti-dumping duties on Chinese aluminum
Aluminum extrusions from China are currently subject to anti-dumping duties in the U.S., Canada, Australia and, for a more unique reason of its own, Vietnam, Aluminium Insider reported. Metal prices fluctuate. Key is knowing when and how much to buy with MetalMiner Outlook. Request a free trial. But despite repeated complaints from the industry and […]
China’s steel industry likely to see cutbacks as stocks rise amid coronavirus crisis
Not surprisingly, the steel sector in China is one of many going through acute uncertainty at the moment over fears the coronavirus spreading from Wuhan is still not under control. As a result, it is becoming increasingly apparent steel demand is going to be down for some time to come. MetalMiner’s monthly buying outlook reports […]
Week in Review: MMI week; palladium prices; U.K. automotive sector after Brexit
Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner, including coverage of: U.S. steel prices, 2019 metals sector M&A activity, palladium prices, the copper market amid the coronavirus outbreak, the British automotive sector and more. Looking for metal price forecasting and […]